- SEC agrees to register a $ 2.3 billion Trump Media treasury.
- The deal covers the resale of 56 million royal rights, 29 million convertible notes.
The S-3 of the Bitcoin Treasury deal was for $ 2.3 billion foot By the United States Securities and Stock Exchange Committee (SEC) of the Trump Group Media and Technology. Admission, which was announced on June 13, 2025, is a great progress for the company behind honesty because it will enable the company to integrate bitcoin as a basic asset. A request for sale of 56 million shares for shares and 29 million shares related to transfer can be transferred on June 6.
The strategic transition to the encrypted currency
Trump The media collected 2.3 billion in both debt and shares financing with about 50 investors. The company’s public budget will enhance, which already has $ 759 million of cash investments and short -term investments. Registration contains the provision of a global shelf, which will provide flexibility in terms of increasing future capital, but it has no current intention to issue new securities.
CEO Divin Nunes emphasized the company’s aggressive strategy. He said: “We are developing quickly our Fintech brand, social media platform, broadcasting and bitcoin accumulation to support the national economy.” The decision follows an increasing trend for the audience -circulating companies, such as Microstrategy, to store Bitcoin as a reserve currency.
Wide effects on the media Trump
Acknowledging the financial plan for the Trump media, which will make it a force in the encryption market. On June 5, the company also provided a Bitcoin Stock Exchange fund that provides investors with an organizer to pay a price Bitcoin. If accepted, ETF will make the TROMP media more diverse than it is already (beyond the social truth platform).
The deal was subject to interrogation, and 85 million shares were directed to reselling it as somewhat mitigating. Nevertheless, the company’s shares ended at $ 19.52 on June 13, and decreased by 2.06 percent. This step before second It shows the feasibility of emerging institutional bitcoin, which may push other companies to follow the same style.
Trump’s transformation into the coded currency is associated with the total directions on the market. Companies like Gamestop have also jumped to bitcoin bonds in an attempt by the bank to increase the prices of the distinctive symbol. Acceptance highlights the increasing validity of Bitcoin as the origin of the company in the regulatory environments.
Bitcoin assets for the company will be protected Crypto.com Anchorage Digital, which will be responsible for preserving it. According to Nunes, the aim of this strategic transformation is to protect Trump’s media from exposure to financial discrimination and the generation of synergy between the truth.
Source: https://www.livebitcoinnews.com